the u.s. economy is headed. the latest data on jobs, housing and manufacturing underscored concerns that the recovery may be losing steam at the year's midpoint. in manufacturing, the federal reserve reported factory output fell last month after three months of growth. at the same time, new claims for jobless benefits fell to the lowest in nearly two years. but it was mostly due to seasonal factors. meanwhile, the private firm realtytrac reported 528,000 home foreclosures in the first six months of 2010. the company warned that lenders could repossess more than one million homes by year's end, a new record. at that rate, it could take until 2013 to work through the backlog of repossessed properties. president obama focused on the broad economic picture, as he spoke at the ground breaking of a new factory in holland, michigan. >> the progress we've made so far is not nearly enough to do - - undo the enormous damage that this recession caused. as i've said since the first day i took office, it's